A Heinz bet involves 57 different lines on a total of six individual selections. The bet takes its name from the ‘57 Varieties’ slogan that we see on the Heinz containers. As a consequence, it can sometimes be referred to as a Heinz 57 bet. So, the next time you are squeezing some tomato ketchup, remember this bet!
With the Heinz bet explained, it may also help to think of it as an accumulator bet, only with more chances to see a return on your money!
If you have six winning selections, the six-fold accumulator is the centre-piece of this bet that will earn you the biggest percentage of your overall winnings. However, every step you take closer to that combination, i.e. three, four or five winning selections, means you are already building up some payouts.
The initial stake is greater in this bet compared to an accumulator but, crucially, if you are let down by only or two selections you will still be seeing some returns on your money. Let’s take a Heinz bet example to further illustrate how you might use this bet.
As we have already demonstrated with other multiple bet types, the potential exists for sizable returns on relatively small stakes in this type of bet.
It is the same with Heinz bets. In the example above, the total return if all selections are successful would be more than £4k.
You can always use Heinz betting for each-way bets. A £1 each-way Heinz costs a total of £114. Once more, the suggestion is to go each-way on a Heinz bet if some, or all, of your selections are at slightly longer prices to win their races or they are not necessarily favourites to do so.
This ensures that you can see a handsome profit if all your selections make the frame, while you will also be collecting the win-only doubles and trebles should you manage to have two/three winners in the bet.
Depending on the number of winners, there are of course many potential win amounts for this bet. But it is worth noting that by just getting all six horses placed in the first three, the bet would return £1673.98.
HEINZ BETS ON OTHER SPORTS
The Heinz bet is popular on most sports that you can think of to bet on. If you are considering placing a Heinz bet for the first time, you could use a Heinz bet calculator to help determine the total initial stake you want to use and also the potential returns. This should help you decide if this is the correct bet for you.
In the scenario above, the initial stake of £57 could be more than doubled even with just three winning selections from the six shown.